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December 7, 2007 |
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TATA MOTORS: To Commence Thai Pick-Up Production in Early 2008 Tata Motors Ltd will commence production of pick-up trucks at its Thailand early next, Thomson Financial reports. According to the report, the automobile maker's subsidiary, Tata Motors (Thailand), will dole out THB1.3 billion to set up its first output base in Thailand, the biggest auto market in Southeast Asia. Production will start in March 2008 with output capacity of 35,000 units per year, the news agency quotes the company in a media release. India's largest automobile company, Tata Motors Limited -- http://www.tatamotors.com/ -- is mainly engaged in the business of automobile products consisting of all types of commercial and passenger vehicles, including financing of the vehicles sold by the Company. The Company's operating segments consists of Automotive and Others. In addition to its automotive products, it offers construction equipment, engineering solutions and software operations. Tata Motors has operations in Russia, and the United Kingdom. * * * Standard & Poor's Ratings Services, on July 13, 2007, assigned its 'BB+' issue rating to the proposed USNZ$490 million zero- coupon convertible bonds of India's Tata Motors Ltd. (BB+/Stable/--). The bonds represent a direct, unsecured and unsubordinated obligation of the company. Proceeds from the bonds will be used for capital expenditure, overseas investments, acquisitions, and other general corporate purposes. Moody's Investors Service, on July 26, 2005, gave Tata Motors 'Ba1' long-term corporate family and senior unsecured debt ratings. |
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